CCB (00939) Completes Redemption of Tier 2 Capital Bonds
Stock News
Sep 15
CCB (00939) announced that in September 2020, the bank issued Tier 2 capital bonds worth RMB 65 billion in the national interbank bond market. According to the relevant provisions in the bond prospectus, the bonds included an issuer redemption option, granting the bank the right to fully redeem the bonds at par value on the last day of the fifth interest-bearing year (September 14, 2025). The bank recently obtained a reply from the National Financial Regulatory Administration indicating no objection to the redemption of these bonds. As of the announcement date, the bank has exercised its redemption right and fully redeemed the bonds.
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